IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Twitter, Inc. & Encourages Investor...
20 Septembre 2016 - 6:12AM
Business Wire
Lundin Law PC (the “Firm”) announces a class action lawsuit has
been filed against Twitter, Inc. (“Twitter” or the “Company”)
(NYSE: TWTR) concerning possible violations of federal securities
laws between February 6, 2015 and July 28, 2015 (the “Class
Period”). Investors who purchased or otherwise acquired shares
during the Class Period should contact the Firm before the
November 15, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a
class is certified, you are not considered represented by an
attorney. You may also choose to do nothing and be an absent class
member.
According to the complaint, Twitter made materially false and/or
misleading statements and/or failed to disclose: that by early 2015
daily active users had replaced the timeline views metric as the
primary user engagement metric tracked internally by Twitter
management; that the trend in user engagement growth was flat or
declining; that new product initiatives were not having a
significant impact on monthly active users or user engagement; that
the Company’s stated “acceleration” was the result of low-quality
monthly active user growth; and that Twitter lacked a basis for its
previously issued projections of approximately 20% monthly active
user growth and 550 million monthly active users in the immediate
term. When this news was announced to the public, the Twitter
stock price fell, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding shareholders’
rights.
This press release may be considered Attorney Advertising in
certain jurisdictions under the applicable law and ethical
rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160919006604/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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